Catalyst
Legal name: Catalyst Inc
Nonprofit profile at a glance
- EIN
- 131992402
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2125147600
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $15,528,128
- Expenses
- $21,623,352
- Assets
- $43,948,776
- Liabilities
- $18,747,842
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
50 people listed
Executive titles in this filing
- JENNIFER MCCOLLUM (PRESIDENT & CEO)
- LORRAINE HARITON (PRESIDENT & CEO (FORMER))
- KELLY MONTES (EXECUTIVE DIRECTOR)
Highest reported compensation
- JENNIFER MCCOLLUM (PRESIDENT & CEO): $671,117 total reported compensation
- LORRAINE HARITON (PRESIDENT & CEO (FORMER)): $569,672 total reported compensation
- STACEY BAIN (CHIEF OPERATING OFFICER): $443,626 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To accelerate progress for women in the workplace through inclusive leadership and evidence-based solutions.
What it reported doing in 2024
Research the research team conducts applied research to promote gender, racial and ethnic inclusion in workplaces around the world. This research culminates in published studies that include findings from interviews, focus groups and surveys, as well as company best practices and recommendations for companies and firms creating equitable and inclusive workplaces for women and men. Catalyst conducts research globally and has produced reports specific to the united states, canada, europe, and australia.
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 80
- Accountability: 94
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 69%; rating input score 69
- Fundraising efficiency: $4.15 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 97.4%; rating input score 97; 31st percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -39.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 2.03; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 19.5%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 40th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 69% of spending went to programs
- Governance: 37 of 38 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $14.9M in reported program spending
- Leadership: top reported pay $671K · 50 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.3M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 16/100.
- High — Sustainability: Operating margin scored 2/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 4/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.